Addison home sales show decrease from May 2013

ADDISON – The number of Addison homes sold this May decreased compared to May 2013, as did the median sale price of the homes, according to data provided by the Mainstreet Organization of Realtors.

The report shows that 19 homes sold in May 2014, a 17.4-percent drop from the 23 sold in May 2013.

The median price of those homes was $210,000, which is down 3.7 percent from $218,000 in May 2013, according to the data.

Branka Poplonski, of Century 21 Lullo in Addison, said there are a shortage of homes on the market in the area, but she expects to see an increase in the number of Addison homes sold in June 2014.

Poplonski also has noticed that multiple offers are being made on homes before they sell in Addison, she said.

"People are getting their confidence back," Poplonski added.

She said she believes the Addison data is comparable to other towns in DuPage County.

Bensenville home prices were lower than Addison, but the median price increased from May 2013 to May 2014.

The median price of Bensenville homes sold in May 2014 was $187,450, which was up 19.5 percent from $156,875 in May 2013, according to the Mainstreet Organization of Realtors report.

The number of homes sold dropped, however. The number of Bensenville homes sold in May 2014 was down 12.5 percent from 16 in May 2013 to 14 this year.

The number of Wood Dale homes sold this May was 10, the same as those sold in May 2013. The median home price increased 7.8 percent from $197,500 in May 2013 to $213,000 in May 2014, according to the data.

Poplonski said she expects the market to continue to improve in Addison but hopes to see more homes go on the market to increase inventory.